May 2010 - Deidra Junghans

Family Fun Facts
entire family, just
having fun.
O. 250.474.6003
F. 250.474.0081
While the trip was
exhausting for the
adults, I was absolutely
a fantastic time as itʼs
not very often we get to
spend that concentrated
time together as an
Football is our newest
sport this year and I
have to say one of the
favs so far. The league
has really geared it
around the family and
we all have a great time
We also finally had a
chance this past long
weekend to get the
vegetable garden
planted. While the kids
are awfully excited about
planting the seeds, it
hasnʼt sunk in yet that
they will actually have to
eat the vegetable they
grow. I guess weʼll cross
that bridge when we
come to it.
Thatʼs spring in a brief
nutshell. Happy
Wondering Whatʼs Going on With the
Market in YOUR Neighbourhood?
May2010
The Junghans’ Yak
Deidra@DeidraJunghans.com
The Junghansʼ have had
a busy spring so far. The
highlight of which has
been a 12 day trip to
Southern California at
the end of April. Of
course, Disneyland was
the main attraction but
we enjoyed several
other activities,
especially Legoland!
The kids are still
busy in all their
sports and other
activities but we
should see those
wrapping up
soon as June
approaches.
cheering
while to boys
tough it out
on the field.
Braelyn even
has
pompoms
that match
the boys
uniforms.
Introducing an exciting new service to my
clients!
Market Snapshot is an automated,
customized market evaluation to show recently
listed and sold properties in your
neighbourhood. Helpful information such as
asking price vs. selling price and length of time
homes are on the market. To sign up visit:
www.victoria-home-values.com
or shoot me an e-mail today!
w w w.D e i d r a J u n g h a n s.c o m
The number of homes
Special Than
and other properties
ks to...
sold throughout the
Victoria area
Scott Perry
moderated slightly in
Heather Lew
is
-excerpt from VREB Immediate Release May 3, 2010
Shelley Ree
April while the
d
Peter Lewis
number of properties
Julia Campb
New MLS® Listings and Total MLS® Sales available for sale
ell
Karen Maso
n
continued to
increase. The further
...for Your Re
increase in the
ferrals!
number of properties
available for sale is
providing buyers with a greater choice. As anticipated, sales have now
returned to levels comparable to a year ago, and this is expected to
continue throughout the balance of the year. “The market is very stable
right now offering a good balance between those wishing to sell and
those looking to buy,” notes Victoria Real Estate Board President.
Real Estate Sales Remain
Steady Inventory Rises
in April
2000
1750
1500
1250
1000
750
500
250
0
May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10
Listings
1
Sales
The BC Harmonized Tax in a Nutshell—
A Quick Overview of the B.C. HST 12% Tax and How It
Influences New Home Buyers of Real Estate
The Harmonized Sales Tax (also known as the new
BC HST) is 12% tax applicable to most goods and
services, including new* homes, real estate, and
property.
*HST is applicable on brand new homes only that have
not previously been occupied.
2 The new BC HST 12% Tax is the combination of the
Federal Goods and Service Tax (5% GST) and the
Provincial Sales Tax (7% PST).
3 Implementation of the BC Harmonized Sales Tax will
Homebuyers looking to buy new Victoria property over
7 $525,000 will receive a maximum BC HST rebate of
$26,250, but will see the purchase price above that
level subject to the extra five per cent tax rate system.
8 The British Columbia Harmonized Sales Tax of 12%
HST is also applicable to any costs and fees
associated with your property /home purchase
including legal/notary fees, commissions and other
closing costs.
take place on July 1, 2010.
4
The BC HST is NOT a 12% real estate tax, but a
provincial harmonized tax on most goods, services and
consumer products including new homes.
5 Currently, new BC and Victoria homes are subject to
5% GST (federal tax) in which first time homebuyers or
investors can receive GST rebates. This 5% GST will
be replaced with the higher 12% BC Harmonized Sales
Tax (HST)
6 The BC HST program will give partial rebates for new
BC homes priced up to $525,000. The government will
give these home buyers a partial five per cent BC HST
rebate on the provincial tax side.
9 The BC HST transition rules are now clear. New
Victoria home sales contracts written before July 1,
2010 but completed after the harmonized sales tax
HST launch date will be subject the entire 12% HST
new tax, unless the contract was written before
November 18, 2009.
10 The cost of new home ownership will increase
significantly in British Columbia due to the new BC
HST tax of 12%. Not only will your new home or real
estate cost more up front, but the 12% HST is also
applicable to such things like strata fees, residential
heating fuel, commercial rents, smoke detectors, fire
extinguishers, repairs, cable TV, internet, electricity,
gas, renovations, painting and other professional
services.
w w w.D e i d r a J u n g h a n s.c o m